Hello Expert, In last attempt i.e. Nov 16 I scored 65 marks in advanced accounting IPCC Group II thereby securing exemption. But this attempt I am not going to appear for rest of 2 papers , so my question​is that would exemption be claimed in next 2 attempt​or else I have to appear for 2 exams. Please do needful.

due to finance problem seller sold property on less than FMV. Property SALE Value Rs. 20 Lacs but stamp value Rs. 80 Lacs and stamp duty paid on Rs. 80 Lacs by purchaser. Sales deed Rs. 20 lacs. my question is any liability on Purchaser regarding any Taxes.

For limit of businexx expenditure in cash over Rs 10,000/- which payments are considered for "payment made to the Government and, under the rules framed by it under Income tax act" ?

Does it include payment USA, UK, Canada for visa made to embassy or its authorised agents (Are these VFS considered as Government authorities for Income tax cash payment limit purpose?)

Dear Sir,

One of my client is receiving warehouse rent and he is also paying warehouse rent. My query is, can he take input tax credit for payment of warehouse rent. If yes, can you mention the notification and Sr. No. where its mentioned. I need to revise his service tax return for taking input credit, if allowed.


Regards,
Divyesh Jain

I filled ITR 4,for assessment year 2016-2017,in balance sheet part I filled item no 6 and in P/L account part I filled item 53, because I don't have books of account.IT Department issued notice under section 139(9),they need balance sheet and P/L account to be filled.what is the solution for this.

Sir one person have taken lic of rs 2000000 and till now he has paid premium rs 400000
So my query is how much amount should be shown in personal balance sheet as asset

Sir i have purchased some items so my query is relating to accounting entry for purchase
for this invoice detail is given below

Particular. Amount
100 kg soap. 5000
+20 kg soap free.

Vat @ 4 %. 200

Total bill amount. 5200

Sir please tell me how I pass accounting entry of 100 kg +20kg free soap

Good Evening I have a doubt that sec 40A(3) says any expenditure in respect of which payment or aggregate of payments ....... what does any expenditure refers to? if we have paid to a transporter against 2 bills of 30000 each in cash on same day will it be covered here and the expenditure be disallowed? plz note any expenditure word is used not an expenditure plz reply

Are management consultants eligible for section 44ada?

Why icai giving so easy paper this time for IPC. Any gusses 😓